Bank VTB (Armenia) opened modernized branch “Gyumri”

YEREVAN, November 11. /ARKA/. Ceremony of presentation of modernized branch of CJSC “Bank VTB (Armenia)” ”Gyumri” took place on Tuesday in Gyumri.

“Gyumri is a very important city from the point of view of banking services. I hope that our branch will become one of the leading banks from the point of view of banking services and products”, said Valeri Ovsyannikov, General Director, Chairman of Board of Directors of Bank VTB (Armenia) during the opening of the branch. He said that in 2009 quality revolution took place in branch network of Bank VTB (Armenia).

During the last two years the monetary means were directed at the repair and equipment of modernization of the branches and representation offices of the Bank, for which we spent about $5-6 million. We renovated the old branches and not built new ones. “We do not open new branches. We already have the largest branch network in Armenia.

We try to make this branches universal and provide maximum specter of services”, said Ovsyannikov. The aim of modernization of the branches is funding of regional network for the support of local enterprises, particularly small business, as well as development of other banking technologies and services. Shirak Marz Governor (center Gyumri) Lida Nanyan expressed hope that the activity of the branch “Gyumri” Bank VTB (Armenia) will support economic development of the given region and its regional center – city Gyumri.

Branch “Gyumri” Bank VTB (Armenia) renders broad specter of universal banking services to population. It serves about 20 thousand clients monthly and has about 3.5 thousand card-holders. The branch has about 5 thousand accounts of clients, including 2000 pensioners. CJSC “Bank VTB (Armenia)” (CJSC “Armsavingsbank” till June 20, 2006) became the participant of VTB group in April 2004. At present, Bank VTB possesses 100% of shares of CJSC “Bank VTB (Armenia). As of October 1 Bank VTB (Armenia) has the largest branch network in Armenia (74 branches). -0-

spot_img

POPULAR

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 24, 2026, fell by 0.15 points compared to June 23, to 367.93 drams.

Head of CBA has ruled out excess profits at banks

The idea of ​​excess profits in the Armenian banking system is unfounded, and banks themselves remain one of the most transparent sectors of the country's economy.

Institute of Theater and Cinematography has implemented the latest video editing software

A new stage of development has begun at the Yerevan State Institute of Theater and Cinematography.

Stepan Gishyan Foundation’s grant competition results have been announced

The Stepan Gishyan Charitable Foundation has announced the results of its 2026 grant competition.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (June 15–21)

The financial week in Armenia was marked by Central Bank decisions, discussions of public debt parameters, inflation dynamics, and institutional changes in the banking sector.

LATEST NEWS

spot_imgspot_imgspot_img